These items are taken from the financial statements of Longhorn Co. at December 31, 2017.

Buildings	$105,800
Accounts receivable	12,600
Prepaid insurance	3,200
Cash	11,840
Equipment	82,400
Land	61,200
Insurance expense	780
Depreciation expense	5,300
Interest expense	2,600
Common stock	60,000
Retained earnings (January 1, 2017)	40,000
Accumulated depreciationbuildings	45,600
Accounts payable	9,500
Notes payable	93,600
Accumulated depreciationequipment	18,720
Interest payable	3,600
Service revenue	14,700

Instructions

Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2018.